Comments
GE Money is a blacklisted company.
In 2006 I went to GE Money for Rs 40000 as I need it for 3 months
They told me that it will be @ 2% per month and minimum time is 18 months.
As I am good at maths I came to know that there is some problem.
so I asked for principal and interest parts of EMI
In that, They were charging 5% per month for first 6 months, 3 % p.m for 6-12 months and 1% for 12-18 months.
For prepayment they told ne that I have to pay total interest for 18 months even in case of fore closure.
So I denied to get the loan.
It is the worst bank in my knowledge.
In 2006 I went to GE Money for Rs 40000 as I need it for 3 months
They told me that it will be @ 2% per month and minimum time is 18 months.
As I am good at maths I came to know that there is some problem.
so I asked for principal and interest parts of EMI
In that, They were charging 5% per month for first 6 months, 3 % p.m for 6-12 months and 1% for 12-18 months.
For prepayment they told ne that I have to pay total interest for 18 months even in case of fore closure.
So I denied to get the loan.
It is the worst bank in my knowledge.
My Mother and Wife had applied for the home loan in the Jan-2006 at GE money, Indore. We got loan sanctioned amount of Rs 11, 85000/- with 156 EMI of Rs 15035.00 would be end in 2023. We are continuously paying the EMI from March onwards till date we had paid amount Rs 7,96,855 ( 53 EMI ) . Now we want foreclosure of the loan for which we had applied in the month of November-09. The GE money has given foreclosure of loan at Rs 12, 88,531.00 and they have renewed the date of loan ending from 2023 to 2033.Kindly find the attached scanned documents and Need your urgent support for solution.
Thanks and Regards:
Vishwas Kadam
Cell:[protected]